Stringent protocols followed by Dubai developers to ensure that no illegal money flows into their projects

On Wednesday, developers in Dubai stated that they adhere to "very stringent" procedures to make sure that no illicit funds enter their buildings. Measures to prevent money laundering and the funding of terrorism (AMLCFT) are in place for investors purchasing real estate in the emirate.

Developers explained to Khaleej Times that they carry out due diligence on real estate purchasers "not only for their own safety, to make sure those who invest with them can afford to do so legally, but also because it is a legal requirement that is strictly enforced by the UAE."